AIUC argues that users and underwriters primarily want to prevent incidents and ensure risks are well managed, after which insurance becomes useful.

“Fundamentally, what everyone first and foremost want, whether you're a CISO at JPMorgan or a CISO at Cursor or an underwriter at Lloyd's of London syndicate, is you want to not have an incident in the first place.”

“You want to know that the risk is well managed and only then does insurance start to make sense. So we'll see the standard ecosystem basically run ahead of the insurance and the reason why.”